Trading Idea: Pair has almost completed a double wave down on the daily chart and it is approaching a key support zone near 1.52. I believe we should soon see a reversal from this zone Ideally we want to see a false break of the trend line and then go long. Target 1: 1.5350 Target 2: 1.5460 Stop Loss: Below the last low created before entering into a trade.
As daily chart suggests that the pair might correct itself further near the 1.45-ish zone i think it is a good idea to look for sell opportunities. On the H1 chart there is a down trend line which if visited again and the price respects it, we can look to sell near it. Target 1: 1.4600 Target 2: 1.4550 Stop Loss: Above the trend line resistance area
Sell once the wave duplication is completed near 121 OR Alternatively wait for the break of the trend line Target 1: 118.00 Target 2: 116.50 Stop Loss: Above the last high created before entering the trade
Double wave up completed so now we can wait for the commodity to correct itself in double waves and look for a buy opportunity. Ideally Oil should create a pattern while completing the double wave correction, which once broken could be a trigger for a buy. Target 1: $40.60 Target 2: $42.00 Stop Loss: Below the last low created
Entry - Look for double wave up near the trend line and the horizontal support and then go for a sell Target 1: 1.5800 Target 2: 1.5880 Stop Loss: Below the last low created before entering into a trade
Entry– We can wait for a minor correction in the GBPUSD pair in three waves down to enter a buy trade Target 1: 1.5800 Target 2: 1.5880 Stop Loss: Below the last low created before entering into a trade
The pair might complete a double wave up (weekly chart) before continuing down so in the short term i'd be looking for buy opoprtunities on the H4 chart.
* Double wave completed on the Daily chart * Divergence * Range Break above should push the commodity to $1120 and then probably $1130 If broken down we can expect duplication of this channel
We can enter a buy trade if the pair corrects lower in two waves and trades close to the highlighted support area at 1.0980-60. Target 1: 1.0990 Target 2: 1.1050 Stop Loss: A close below 1.0950
Look for buy entries if the price corrects to the up trend line and support zone Target 1: 193.80 Target 2: 194.50 Stop Loss: A close below 192.00
We can expect the pair to rally in the following weeks. There is potential wave duplication on the Weekly and Monthly chart so 127-128 levels should be the least we can see before the pair turns south (monthly bearish divergence is being developed at the moment) The plan in the shorter term is to look for buy opportunities once the bearish trend line is broken up...
pair is trying to complete a 4th wave up on the daily chart. if this scenario happens and it reaches 1.53-1.54 zone i think we should be looking for sells. This is also December 2014's high which should be a stiff zone. See image for targets and other details. Vlad
NZDUSD seems like it is breaking up and that might be the trigger for the move that i've been anticipating for a long time now. I expect the pair to complete this potential double move up then retrace to the 38 - 50 fibo level. We can look for an entry with hidden bullish divergence. Target: 0.69-0.70 Stop Loss below last low created
NZDUSD seems like it is breaking up and that might be the trigger for the move that i've been anticipating for a long time now. I expect the pair to complete this potential double move up then retrace to the 38 - 50 fibo level. We can look for an entry with hidden bullish divergence. Target: 0.69-0.70 Stop Loss - below last low created
A few scenarios to sell the EURGBO Scenario 1 - sell the break of the H4 triangle Scenario 2 - sell double waves up on the H1 chart Scenario 3 - sell once the H4 hidden bearish divergence is confirmed on the h1 chart with regular bearish divergence Aiming 0.69
Monthly Chart - approaching the up trend line Weekly Chart - Bullish divergence is being formed D1 Chart - Double wave cycles almost completed (below 073 would be ideal) and bullish divergence already there H4 Chart - Look for an entry on the h4 chart once the down trend line is broken along with the most recent resistance zone Target 1 - 0.7510 Target 2 -...
H1 - bearish convergence, bearish hidden divergence, and fibo resistance Entry - M30 - look for a break of the trend line with the most recent support for a sell Target 1 - last low Target 2 - 0.73 Stop Loss - above last high created
Break followed by ABCD correction and respecting the broken trend line would present a sell opportunity. Target 1 – 1.0880 Target 2 – lower band of the triangle Stop Loss -above last high created on H1